930 Interstate Dr Findlay, OH 45840-1927
This exceptional investment opportunity presents a 6,132-square-foot freestanding restaurant building situated on a 1.78-acre lot in Findlay, Ohio. Previously occupied by an Outback Steakhouse, the property boasts a fully built-out interior with existing restaurant equipment, ready for immediate occupancy. Its prime location along Interstate 75 offers unparalleled visibility, with over 50,000 vehicles passing daily. The C-2 General Commercial zoning allows for a variety of uses. The property benefits from a strong demographic profile, situated near major retailers including Walmart, Kohl's, Lowe's, Best Buy, and Sheetz distribution centers, as well as Findlay High School (1,915 students) and the University of Findlay (4,000 students). Eight hotels are conveniently located at this highway exit, further enhancing the property's appeal. The average household income within a 20-minute drive is $97,382. Neighboring restaurants include Texas Roadhouse, Chipotle, Culver's, Denny's, Cracker Barrel, Bob Evans, and Waffle House, indicating a thriving restaurant market. This is a rare chance to acquire a well-positioned, fully equipped restaurant space in a high-traffic area with excellent surrounding amenities. The asking price is $1,100,000, representing a price per square foot of $179.39. The property is currently vacant.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.